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PVV Infra to consider allotment of equity shares

The company will consider the issue of 1 crore Equity Shares/ Convertible Warrants to Strategic Investors towards raising of additional capital on preferential issue basis pursuant to Section 62 of the Companies Act, 2013 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.

January 11, 2016 8:30 IST | India Infoline News Service
PVV Infra Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held today.

1. To consider the issue of 1 crore Equity Shares/ Convertible Warrants to Strategic Investors towards raising of additional capital on preferential issue basis pursuant to Section 62 of the Companies Act, 2013 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.

2. To consider incorporation of Subsidiaries of the Company in Hongkong, Singapore, Dubai, London and New York for spreading business wings of the company for structured growth.

3. To appoint Mr. Cyrus Katrak as Whole time Director of the Company. 

PVV Infra Ltd ended at Rs. 8.3, up by Rs. 0.15 or 1.84% from its previous closing of Rs. 8.15 on the BSE.

The scrip opened at Rs. 8.3 and touched a high and low of Rs. 8.31 and Rs. 7.99 respectively. A total of 58449(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4.15 crore.

The BSE group 'XD' stock of face value Rs. 10 touched a 52 week high of Rs. 35.9 on 12-Jan-2015 and a 52 week low of Rs. 6.27 on 16-Oct-2015. Last one week high and low of the scrip stood at Rs. 8.31 and Rs. 7.47 respectively.

The promoters holding in the company stood at 6.94 % while Institutions and Non-Institutions held 0 % and 93.06 % respectively.

The stock traded below its 200 DMA.

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